India is shining... And struggling!
India may be shining in some sectors of the economy, but the question repeatedly asked be experts is whether it is even faintly glowing when it comes to infrastructure, health and education.
India may be shining in some sectors of the economy, but is it even faintly glowing when it comes to infrastructure, health and education, ask experts.
Leading experts and media personalities now seem inclined to take a hard look at India's strengths and weaknesses.
"We are very happy to see India shining in many aspects, but to make it sustainable, further efforts should be made down the road of reforms," Head of Delegation of the European Commission in India, Franscisco Gomes, said in the capital in a panel discussion on 'India Shining- An international perspective', organised by the BBC World.
Shekhar Gupta, Editor-in-Chief, The Indian Express, said many hard reforms have yet to be undertaken including those in infrastructure and abolition of ministries like Information and Broadcasting, Steel and Consumer Affairs. He said next round of reforms must include the Railways.
Ficci's Secretary General Amit Mitra said progress must be benchmarked against LIT-PIT (labour reform, infrastructure, transaction costs, power, interest rates and tax burden).
Only the interest rates have come down, tax burden is 33-43 per cent of the sales made and government still has powerful controls at the inspector level, he said.